US regulator CFTC adds 34 entities to the list of warnings

American commission regulating trading in futures contracts, Commodity Futures Trading Commission (CFTC), added 34 unauthorized entities to the red list that offer financial services in the US without the required permits. The infamous group includes both cryptocurrency exchanges, brokers in binary options trading, as well as Forex brokers. Details below.

CFTC Alert List with over 200 entries

Red list CFTC is the equivalent of the so-called "Blacklists" European regulators who enter illegal entities that are scams or clones of legally operating companies on them. This time the following were added:

Algobit, Ltd., Cent Projects, Ltd., Alis Capital Inc., CloseOption, BO TradeFinancials, CryptoBO, Bitpay Options, CryptoSphereFX, Bluegate Financial Services, DestroFX, Capital Forex Trade, Direct Cryptos, Capital Trading Hub, Dynamics FX Trade, Capitalone Trade, Expirex Trade, FXBrew, QuickFXTrade, FX Optimax, Renesource Capital, FX-Cryptex, SageFX, HankoTrade, Stockinvestmentfx, IQFXTrade, Swissglobaltrade.org, Menne Market Ltd., The Traders Domain, Octave Trade, Tifu Global Limited, Pocketoption, TradingDeskFX , Prime Crypto FX and Wolves Trade FX.

Source: CFTC Red List

After the last update, the list of the American commission has over 200 items. In each case, the reason is the same, i.e. the lack of appropriate permits and licenses to operate as a stock exchange, broker or broker in the financial markets. Pursuant to US regulations, derivatives traders must register with the CFTC and be a member of the National Futures Association (NFA).

We warn against using the services of unlicensed companies. Before opening an account, always make sure it is correct the broker has the appropriate regulations and permits at the indicated financial market supervisory institution.